In a message to employees, Harris praised the culture of
the Westport, Connecticut-based institutional investment
firm, but said it was not as comfortable a fit as he and
President Ray Dalio had first thought. Harris acknowledged
that he was not the best individual to lead the company
forward, said informed sources.

Bridgewater manages investment portfolios and a hedge
fund for institutional clients, including pension funds,
endowments, foundations, foreign governments and central
banks. The firm, founded in 1975, has more than 200
clients. More information is at
http://www.bwater.com/default.htm
.